The trend of digital payments is increasing in the country. Now, digital payments company Paytm has taken a major step. Paytm has launched a new feature for children and teenagers that will make managing small everyday expenses easier than ever.

Paytm has now launched a new "Pocket Money" service. This feature allows children to make UPI payments even without a bank account. With this feature, children won't have to constantly ask their family members for cash over the phone for school canteen payments, metro payments, cabs, mobile recharges, or small purchases.

The special feature of this feature is that it gives parents complete control over their children's spending. It allows them to set daily or monthly spending limits and track every transaction in real time.

PC: Outlookmoney